If each firm is initially earning positive profits in a perfectly competitive industry, then there will be

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If each firm is initially earning positive profits in a perfectly competitive industry, then there will be entry of new firms, price will fall, and the output of each firm will fall in the long-run equilibrium

Posted Date: Jun 12, 2024 06:02 AM

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If each firm is initially earning positive profits in a perfectly competitive industry, then there will be

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